The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following:

Bonds payable, 10%$1,900,000

Preferred $5 stock, $50 par 162,000

Common stock, $12 par 126,360.00

Income before income tax was $266,000, and income taxes were $39,200 for the current year. Cash dividends paid on common stock during the current year totaled $37,908. The common stock was selling for $240 per share at the end of the year.

Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required.

a.Times interest earned ratiotimes

b.Earnings per share on common stock$

c.Price-earnings ratio

d.Dividends per shareof common stock$

e.Dividend yield